2647 Chelsea Street 4, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Residential Income Quadruplex represents a stable and fairly priced asset with a List Price of $799,000, aligning exactly with its $799,000 Fair Market Value. The property holds a Condition Rating of 4, boasting a recently painted exterior and low-maintenance Artificial Turf. Located in the high-demand Boyle Heights area near Downtown LA, the site offers clear Value-Add Opportunities through potential on-site laundry and ADU expansion. Despite rent control regulations, the consistent rental demand makes this a prudent acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2647 Chelsea Street 4 Subject | $799,000* List Price | 0 | 0 | 3,314 | $241 | - |
A 2732 Malabar Street Sold | $678,800 | 0 | 0 | 2,272 | $299 | 0.6 mi |
B 2809 Folsom Active | $748,888 List Price | 0 | 0 | 2,519 | $297 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this 4-plex is described as well-maintained with a recently painted exterior and low-maintenance landscaping. However, the property lacks evidence of recent interior renovations to the kitchens or bathrooms, and the presence of long-term tenants suggests the units likely feature dated finishes and older systems consistent with a 60-year-old building that has undergone regular upkeep rather than modern updates.
Situated in a high-demand rental area of Boyle Heights, the property offers excellent proximity to Downtown Los Angeles, major hospitals, and key freeways, ensuring a steady pool of prospective tenants.
The property features significant upside potential through the addition of on-site laundry facilities and the possibility of further development or ADU expansion, allowing for increased future revenue.
With a recently painted exterior and artificial turf landscaping, the property minimizes ongoing maintenance costs while maintaining strong curb appeal for long-term tenants.
Being subject to Los Angeles rent control regulations restricts the owner's ability to adjust rents to market rates, which may limit immediate cash flow growth.
The presence of long-term tenants often indicates that current rents are significantly below market value, requiring a patient, long-term strategy to realize the asset's full income potential.
Well-Maintained 4-Plex in Prime Location – Los Angeles Area This well-kept 4-unit property offers an excellent investment opportunity in a highly convenient location. Just a short drive to Downtown Los Angeles and close to shopping centers, schools, public transportation, hospitals, and major freeways. Property Highlights: Long-term tenants in place, recently painted exterior, Artificial turf for low-maintenance landscaping. Ample parking for tenants and guests. Potential to add an on-site laundry area. and possibility for additional development – buyer to verify with the city Subject to rent control regulations Don’t miss out on this income-generating property in a high-demand rental area!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,314 | 2,269 | 73% |
| Lot Size | 6,893 | 5,849 | 73% |
| Price | $799.0K | $775.0K | 55% |
| Price per sq ft | $241 | $380 | 18% |
| Built year | 1964 | 1925 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 328 | 239 | 91% |
Feb 24, 2026
$799,000
$849,800
-6% Price Drop
Initial Listing
Dec 18, 2025
$849,800
$875,000
-3% Price Drop
Initial Listing
Oct 9, 2025
$875,000
$999,888
-12% Price Drop
Initial Listing
Sep 23, 2025
$999,888
$999,999
+0% Price Increase
Initial Listing
Aug 27, 2025
$999,999
Initial Listing
May 29, 2025
$1,250,000
Initial Listing
Mar 24, 2004
$340,000
Public Record